Economic Calendar

Saturday, December 13, 2008

Chubu Electric Plans to Restart Hamaoka Reactors in April 2011

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By Stanley White

Dec. 13 (Bloomberg) -- Chubu Electric Power Co., Japan’s third-largest power utility, said it plans to restart its No. 1 and No. 2 Hamaoka nuclear reactors in April 2011.

“The No. 1 and No. 2 reactors are closed for maintenance,” the Nagoya-based utility’s spokesman, Hiroaki Ohashi, said in a telephone interview today. “We hope to improve efficiency and restart operations from April 2011.”

Ohashi declined to comment on whether the company will construct a new reactor to replace the two.

Chubu Electric plans to build a 1,400-megawatt No. 6 reactor for operations from 2018 and decommission the No. 1 and No. 2 reactors by 2035 because of rising maintenance costs, Kyodo News reported earlier today without citing anyone.

To contact the reporter on this story: Stanley White in Tokyo at swhite28@bloomberg.net




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